Date: Thu, Oct 17, 2024, 10:44 AM GMT
Memecoins continue to surprise the crypto world with spectacular gains! Recently, two of these digital assets—Goatseus Maximus (GOAT) and Billy (BILLY)—delivered impressive profits for investors. GOAT, which launched just six days ago, skyrocketed by 191% in the past week, while BILLY, listed four months ago, surged by 96% over the past 30 days.
Smart Trader Made Huge Gains
One smart trader seized the opportunity, turning a relatively small investment into millions, according to data from Lookonchain. The trader spent 603 SOL (approximately $86,000) to buy 10.7 million GOAT tokens six days ago. At its peak, the investment was worth $3.75 million. In the past eight hours, the trader sold 0.7 million GOAT for 1,453 SOL (around $222,000), leaving 10 million GOAT still in hand, valued at $2.74 million, marking an astonishing 3,360% profit.
The same trader also profited from BILLY, spending $182,000 to buy 7.3 million BILLY tokens four months ago. After holding through market fluctuations, the trader sold the entire batch for $593,000, making a 226% profit.
These trades highlight how unpredictable but lucrative the memecoin market can be, offering huge returns to those who time their moves correctly. However, with such high volatility, the risks are just as significant, emphasizing the importance of smart entry and exit strategies.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making investment decisions.